Brokerages Set National Bank Holdings Corporation (NYSE:NBHC) Price Target at $46.80

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.80.

A number of brokerages have issued reports on NBHC. Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. DA Davidson restated a “buy” rating and issued a $46.00 price target on shares of National Bank in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens decreased their target price on National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler decreased their price target on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, July 27th.

National Bank Stock Performance

Shares of National Bank stock opened at $43.46 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 18.26 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. National Bank has a 52 week low of $35.06 and a 52 week high of $47.28. The business’s fifty day simple moving average is $43.52 and its 200-day simple moving average is $41.80.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The business had revenue of $129.06 million for the quarter, compared to analyst estimates of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. Equities analysts forecast that National Bank will post 3.35 earnings per share for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s payout ratio is currently 53.78%.

Hedge Funds Weigh In On National Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBHC. Endeavour Capital Advisors Inc. acquired a new position in National Bank during the fourth quarter worth $6,659,000. Deprince Race & Zollo Inc. increased its holdings in National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of National Bank by 87.5% during the 4th quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 25,554 shares in the last quarter. Tudor Investment Corp ET AL increased its position in National Bank by 87.6% during the third quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock worth $8,127,000 after buying an additional 98,229 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in National Bank in the 4th quarter valued at about $950,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.